| CPC G07F 17/3244 (2013.01) [A63F 13/828 (2014.09); G07F 17/3288 (2013.01)] | 20 Claims |
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1. A method and system for fantasy sports betting, the method comprising steps of:
creating a fantasy sport betting account;
transferring cryptocurrency to fund the fantasy sport betting account;
wherein, the transfer includes inputting a first private key for verification on a first blockchain;
creating a fantasy sport roster;
placing a bet on an outcome of a fantasy sport game;
wherein the outcome is determined by:
determining a score of the fantasy sport roster by real-world performances of players on the fantasy roster;
comparing the score with a second score of a second fantasy sport roster created by an opponent;
withdrawing cryptocurrency from the fantasy sport betting account;
wherein, the withdrawal includes inputting a second private key for verification on a second blockchain;
wherein, each block on the first and second blockchains stores three pieces of information about each transaction:
wherein, the first piece of information includes a date, time, and amount of the transaction;
wherein, the second piece of information is about each participant in the transaction;
wherein, each participant is represented by a unique digital signature, making the transaction anonymous;
wherein, the third piece of information is a block-specific identifier;
the system comprises:
a computerized device and a processor, wherein the processor is stored in a non-transitory computer-readable medium; and
the processor is operable to receive instructions allowing the processor to conduct the steps of the method on the computerized device, wherein the processor is further operable to:
wherein, the computerized device is in electronic communication with a first user digital wallet via one or more electronic communication lines;
wherein, the first user digital wallet is operable to transmit an amount of cryptocurrency to a central digital wallet upon a receipt of a target private key input;
wherein, a public key, which is an address on a local network or internet, is used to determine the location of the first user digital wallet or the central digital wallet;
display a first user interface for the fantasy sport roster;
receive an input selecting a link to an external website comprising a second user interface;
display the second user interface from the external website as an embedded window within the first user interface, such that the second user interface can be accessed without navigating away from the first user interface;
wherein, the second user interface displays research tools for real-world athlete metrics, based on a user's selection of a third and separate user interface;
wherein the real-world athlete metrics include sports teams, individual athletes, and scores of games;
wherein, the computerized device or the processor is operable to automatically link a research metric or other piece of relevant information from the third separate user interface;
wherein, the computerized device or the processor is operable to store data about the real-world athlete metrics;
wherein, the cryptocurrencies can be replaced by proof-of-stake cryptocurrencies or smart-contract-based cryptocurrencies.
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